Himax Technologies Stock Market Value
| HIMX Stock | USD 8.85 0.08 0.91% |
| Symbol | Himax |
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Himax Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Himax Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Himax Technologies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Himax Technologies.
| 01/30/2023 |
| 01/19/2025 |
If you would invest 0.00 in Himax Technologies on January 30, 2023 and sell it all today you would earn a total of 0.00 from holding Himax Technologies or generate 0.0% return on investment in Himax Technologies over 720 days. Himax Technologies is related to or competes with ASE Industrial, United Microelectronics, MaxLinear, SemiLEDS, Silicon Motion, Taiwan Semiconductor, and Nano Labs. Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Ta... More
Himax Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Himax Technologies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Himax Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.1021 | |||
| Maximum Drawdown | 56.46 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 8.31 |
Himax Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Himax Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Himax Technologies' standard deviation. In reality, there are many statistical measures that can use Himax Technologies historical prices to predict the future Himax Technologies' volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.7143 | |||
| Total Risk Alpha | 0.5679 | |||
| Sortino Ratio | 0.1993 | |||
| Treynor Ratio | 0.7906 |
Himax Technologies Backtested Returns
Himax Technologies appears to be moderately volatile, given 3 months investment horizon. Himax Technologies holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. By evaluating Himax Technologies' technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Himax Technologies' Downside Deviation of 3.58, risk adjusted performance of 0.0977, and Market Risk Adjusted Performance of 0.8006 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Himax Technologies holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.93, which attests to possible diversification benefits within a given portfolio. Himax Technologies returns are very sensitive to returns on the market. As the market goes up or down, Himax Technologies is expected to follow. Please check Himax Technologies' maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Himax Technologies' current trending patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Himax Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Himax Technologies time series from 30th of January 2023 to 25th of January 2024 and 25th of January 2024 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Himax Technologies price movement. The serial correlation of 0.02 indicates that only 2.0% of current Himax Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Himax Technologies lagged returns against current returns
Autocorrelation, which is Himax Technologies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Himax Technologies' stock expected returns. We can calculate the autocorrelation of Himax Technologies returns to help us make a trade decision. For example, suppose you find that Himax Technologies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Himax Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Himax Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Himax Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Himax Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Himax Technologies Lagged Returns
When evaluating Himax Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Himax Technologies stock have on its future price. Himax Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Himax Technologies autocorrelation shows the relationship between Himax Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Himax Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Himax Stock Analysis
When running Himax Technologies' price analysis, check to measure Himax Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.